EU Approves Apple's Proposed Beats Acquisition

The European Union has given the green light to Apple's proposed acquisition of Beats Audio. Apple announced its plan to buy the music-focused company earlier this year in a deal valued at about $3 billion. The deal includes Beats' headphones business and music streaming service. U.S. regulators are still researching the deal. Beats was recently sued by Bose for infringing on noise cancellation technology. It's not clear if or how Bose's legal action will impact Apple's ability to close the acquisition of Beats.